Airport Authority Hong Kong (AAHK) unveiled the expanded Airport City Blueprint on Thursday (16th), alongside the launch of a new development brand “Skytopia”.

Ryan Ip, Vice President and Executive Director of Public Policy Institute at Our Hong Kong Foundation (OHKF), said the project layout of the Airport City Blueprint is strategic, with various facilities targeting the potential needs of different visitor groups, including airport air passengers, mainland cross-boundary passengers voa Hong Kong-Zhuhai-Macao Bridge (HZMB) and local citizens. He opined that it is worthwhile to look forward to the monetization of the enormous flow of people and consumption at the airport and border crossing facilities.

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Ip mentioned that the occupancy rate of “11 SKIES” under NEW WORLD DEV (00017.HK)  +0.010 (+0.248%)    Short selling $43.81M; Ratio 43.091%   will be indicative, which will affect the market confidence in the Blueprint. In addition, the construction of the Airport City involves immense investment in the project, which is expected to exert some pressure on the AAHK or developers in terms of capital.

On the other hand, Hong Kong's art circle, including galleries, auction houses and collectors, is currently concentrated in the urban areas of the Victoria Harbor, and it is believed that the formation of a new ecology and habit in the Airport City will take a long time of meticulous operation before it can be realized, Ip said.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-22 16:25.)